Make Your Brand Famous with Blockchain - Social CxN

rifki19 (25)in #blockchain • 7 years ago (edited)

FACT ABOUT BLOCKCHAIN

At the heart of the surge in cryptocurrencies is excitement surrounding blockchain technology, which is the foundation that virtual currencies are built upon. Blockchain is the digital and decentralized ledger technology that records all transactions without the need for a financial intermediary like a bank. It appears to offer five distinct advantages over existing payment facilitation networks that could make it a go-to technology for the financial services industry (and other industries) in the future.

Transparency
One of the prime reasons blockchain is intriguing to businesses is that this technology is almost always open source. That means other users or developers have the opportunity to modify it as they see fit. But what's most important about it being open source is that it makes altering logged data within a blockchain incredibly difficult. After all, if there are countless eyes on the network, someone is probably going to see that logged data has been altered. This makes blockchain a particularly secure technology.

Reduced transaction costs
As noted, blockchain allows peer-to-peer and business-to-business transactions to be completed without the need for a third party, which is often a bank. Since there's no middleman involvement tied to blockchain transactions, it means they can actually reduce costs to the user or businesses over time.
Faster transaction settlements
When it comes to traditional banks, it's not uncommon for transactions to take days to completely settle. This is due to protocols in bank transferring software, as well as the fact that financial institutions are only open during normal business hours, five days a week. You also have financial institutions located in various time zones around the world, which can delay processing times. Comparatively, blockchain technology is working 24 hours a day, seven days a week, meaning blockchain-based transactions process considerably more quickly.
Decentralization
Another central reason blockchain is so exciting is its lack of a central data hub. Instead of running a massive data center and verifying transactions through that hub, blockchain actually allows individual transactions to have their own proof of validity and the authorization to enforce those constraints. With information on a particular blockchain piecemealed throughout the world on individual servers, it ensures that if this information fell into unwanted hands (e.g., a cyber-criminal), only a small amount of data, and not the entire network, would be compromised.
User-controlled networks
Lastly, cryptocurrency investors are tend to be really encouraged by the control aspect of blockchain. Rather than having a third party run the show, users and developers are the ones who get to call the shots. For instance, an inability to reach an 80% consensus on an upgrade tied to bitcoin's blockchain is what necessitated a fork into two separate currencies (bitcoin and bitcoin cash) more than four months ago. Having a say goes a long way with investors and developers.

So this project is very profitable because SOCIAL CXN use blockchain for The Influencer Marketing Industry

How Social CXN works.?

1Content Creation
Based on their knowledge and experience, an influencer will create personalized content for the brand. With a firm understanding of their social media audience, content can be in the form of videos, articles, reviews, memes and even hashtags!

2Content Distribution
Brands love Influencers for the right audience! Content distribution requires Influencers to spread a Brand's content to their audience. This way, a brand can reach millions of new customers, and Influencers can monetize their hard work.

3.Digital Consulting
Brands love to engage social media experts for short-term training sessions to help with internal digital teams. Influencers can make use of their expertise to work with Fortune 500 brands via webinars, live chats, and in-person workshops to name a few ways.

4.ICO Bounty Programs

ICO startups heavily rely on bounty programs as part of their marketing and PR strategy. Influencers can help these startups to amplify their campaigns and spread awareness of their ICOs.